Catskill, NY – President Joe Biden and Josh Riley (D-Washington, D.C.) have supported spending policies like stimulus money and student loan debt cancellation that have made the inflation crisis worse, and today a new report shows that wholesale prices rose more than expected.
As CNBC reports:
“Wholesale prices rose more than expected in September despite Federal Reserve efforts to control inflation, according to a report Wednesday from the Bureau of Labor Statistics. … Inflation has been the economy’s biggest issue over the past year as the cost of living is running near its highest level in more than 40 years. The Fed has responded by raising rates five times this year for a total of 3 percentage points and is widely expected to implement a fourth consecutive 0.75 percentage point increase when it meets again in three weeks.”
“The big government spending policies from Joe Biden and Josh Riley have increased the cost of living, raised interest rates, and made life more difficult for working-class families in New York,” said Will Dawson, campaign manager for MarcMolinaro. “When Marc gets to Washington, he’ll work on solutions to reduce spending, tackle inflation, that will hopefully reduce interest rates and let families keep more of their money.”